Dragonfly Energy Holdings Corp. (DFLI) Stock

Dragonfly Energy Holdings Corp. (DFLI) is a Industrials stock trading at $1.13 (as of 2026-08-20), with a market capitalization of $16.93M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Dragonfly Energy Holdings Corp. manufactures and supplies deep-cycle lithium-ion batteries used in applications such as RVs, marine vessels, and off-grid installations. The company also develops energy storage technology based on solid-state cells aimed at supporting smart-grid power needs.

Understand Dragonfly Energy Holdings Corp.: how it makes money

Dragonfly Energy manufactures and supplies deep cycle lithium-ion batteries for RVs, marine vessels, and off-grid installations, and it also develops solid-state cell technology for energy storage aimed at a more sustainable and reliable smart grid.

Profitability appears to depend on scaling sales of its battery products and smart-grid energy storage solutions enough to cover heavy operating costs, since the latest period shows a positive gross margin (17.6%) but a deeply negative operating margin (-59.0%).

Business quality (Weak): The company has a positive gross margin in the latest reported period, but its operating margin is sharply negative, so investors should focus on progress toward operating leverage while it pursues battery and solid-state smart-grid deployments.

Bull case

  • End-market breadth for storage batteries: Its deep cycle lithium-ion batteries target multiple storage use cases, including RVs, marine vessels, and off-grid installations.
  • Smart-grid angle via solid-state cell technology: It focuses on delivering an energy storage solution for a sustainable and reliable smart grid through its solid-state cell technology.

Bear case

  • Operating losses despite positive gross margin: In the latest period, operating margin was -59.0%, indicating operating costs substantially exceed operating profit from revenue.
  • Execution and commercialization risk around solid-state deployments: Because its smart-grid solution is tied to deployment of its solid-state cell technology, results depend on successfully turning technology focus into scaled deployments.
Valuation — source: SEC EDGAR (first-party)
Price$1.13
Market Cap$16.93M
Price / Sales0.35
FCF Yield-250.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$58.63M
Net Margin-119.3%
Revenue Growth (YoY)15.8%
EPS Growth (YoY)150.4%
FCF Growth (YoY)181.4%
Financial Health — source: SEC EDGAR
Altman Z-Score-2.13 (distress)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderESSEX INVESTMENT MANAGEMENT CO LLC ($601740.00)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryElectrical Equipment
CEODenis Phares
Employees139
CountryUS
IPO Date2021-08-24

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DFLI earnings history · DFLI institutional & insider holders · DFLI KPIs & operating metrics · DFLI financials · DFLI investor presentations & press releases · DFLI SEC filings · DFLI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.